By Brendan Montagu, editor of The Ecologist, 26 October, 2021: Economist Ann Pettifor predicted the 2008 economic crash. And predicted a ‘shuddering shock’ just ahead of the coronavirus pandemic. Find out what she sees coming next… The value of an economic theory is that it might allow us to predict what is going to […]
Pettifor’s Case for A Green New Deal – the Ecologist Read More »
This article first appeared on the Project Syndicate website on 21st September, 2021 Fifty years ago, a US president closed the gold window, ended capital controls, and launched a new era of globalized finance. The “Nixon Shock” reshaped the international monetary system overnight, and then gradually changed the status of central bankers. Instead of acting as
The objectives of this project, The Age of Economics, are to shed light on the most salient challenges facing human civilization, explore the role of economics and the inner workings of capitalism, and heighten people’s awareness of both the economic system in which they live and work, and the role of economics in understanding this ever-changing system.
For the Age of Economics podcast: The International Financial System Read More »
The following review appeared in the Times Literary Supplement on 6th January, 2021. Trade Wars are Class Wars presents an eagle-eyed perspective on the global economy, underpinned by close analysis and a remarkable clarity of exposition. The book is a terrific survey of the forces behind today’s global trade tensions and imbalances – even if
This is a You Tube recording of a discussion organised by the Trans National Institute (TNI) on Wednesday, 7th October, 2020. Jayati Ghosh, Ann Pettifor, Alvin Mosioma and Oscar Reyes hold a stimulating conversation on how to finance a recovery from COVID-19 and invest in a just climate transition. They address key questions such as
The following debate between Paul Wallace and Ann Pettifor appeared in Prospect magazine on 10 July, 2020. Is our capitalist economy an unparalleled engine of prosperity, or a human and ecological disaster? Two contributors debate whether the system is worth saving Yes—Paul Wallace It is tempting, when living through a once-in-a-century event such
The duel: Should we aim to get the economy back to “business as usual”? Read More »
This article appeared in the UK-based Church Times on 26 June, 2020 The coronavirus pandemic is a moment of reckoning for globalisation and our international financial system. The pandemic has shown how unjust the international system is towards low income countries; given us the opportunity to imagine another economy; and served as a warning. If
The following appeared in Nature magazine on 17 June, 2020 Economic researchers neglect the role of financialization in global existential crises. Riddled with comorbidities, the current global monetary and financial set-up precipitates crises with increasing frequency. At first, these were on the fringes of the global economy; in 2007–09 they moved to its very core.
This article appeared in a special, June 2020 edition of the Real-World Economics Review that majored on The Inequality Crisis. Today as the world endures the crisis of a global pandemic, “an old order is ending in convulsions”. So writes Rebecca Spang, historian of the French revolution in The Atlantic (Spang, 2020). In the 1790s,
Inequality and Morbid Symptoms of a Financialised System Read More »
As published on Progressive International on Monday, 11 May, 2020 She said, “My name’s Flo, and you’re on the right track But look here, daddy, I wear furs on my back So if you want to have fun in this man’s land Let Lincoln and Jackson start shaking hands I reached in my pocket, and
